$2,950,000
31.67 BTC
Photos
Map
608-618 Lorne Avenue, North Bay
$2,950,000
PRICE
22
BEDROOMS
11
BATHROOMS
X14103574
MLSID

608-618 Lorne Avenue, North Bay

This 11-unit residential purpose-built comples delivers immediate cash flow and stands out as a turnkey investment opportunity with strong cash flow and significant principal recapture after mortgage payments. Located on a quiet street just off Algonquin Ave., the property consists entirely of eleven 2-bedromm units that have undergone major renovations, including comprehensive updates to all kitchens, bathrooms, flooring, trim, lighting, paint, and more. From a financail perspective, the asset generates a gross rental invome of $273,436 with estimated operating expenses of $80,979 (inclusive of management, vacancy, and maintenance), resulting in a solid net income before financing of $192,457 and a highly competitive 6.52% cap rate. Features include hot water boiler system, secure security doors, and 15 dedicated spaces, while the utility framework structures all rents plus hydro. Adding to it's long-term tenant appeal, the building is situated within easy walking distance of local shopping, neighborhood restaurants, and the main bus route on Algonquin Ave itself. Please note that the listing photos provided were taken previous to the tenants moving into the units.
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Summary

Address
608-618 Lorne Avenue
Community
MLSID
X14103574
Property Type
Multiplex
Property Category
Bedrooms
22
Bathrooms
11
Kitchens
11
Zoning
RM1
Taxes (Annual)
$26,832.00
Tax Year
2026
Published
October 21, 2026
Days on Market
22 Days
Possession Type
Immediate
Possession Details
Immediate
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Inclusions

11 Fridges, 11 Stoves, Washer & Dryer

Details

Property Features
Public Transit, Hospital, School Bus Route, School
Basement
None
Exterior Features
Controlled Entry, Year Round Living
Interior Features
Water Heater
Parking Spaces
15
Parking Total
15
Parking Features
Private
Architectural Style
Bungalow-Raised
Roof
Flat, Tar And Gravel
Construction Materials
Brick, Metal/Steel Siding
Lot Width
125 Feet
Lot Depth
96 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Water
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay481 Maplewood Avenue, North Bay
$699,900
7.51 BTC
481 Maplewood Avenue, North Bay
3 + 1
BEDS
4
BATHS
$699,900
PRICE
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35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay35 Janey Avenue, North Bay
$689,900
7.41 BTC
35 Janey Avenue, North Bay
3 + 1
BEDS
3
BATHS
$689,900
PRICE
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29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay29 Carriage Crescent, North Bay
$679,900
7.30 BTC
29 Carriage Crescent, North Bay
3 + 2
BEDS
3
BATHS
$679,900
PRICE
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870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay870 Highway 17, North Bay
$649,999
6.98 BTC
870 Highway 17, North Bay
3 + 1
BEDS
2
BATHS
$649,999
PRICE
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675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay675 Birchwood Road, North Bay
$599,900
6.44 BTC
675 Birchwood Road, North Bay
3 + 1
BEDS
2
BATHS
$599,900
PRICE
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577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay577 Douglas Street, North Bay
$560,000
6.01 BTC
577 Douglas Street, North Bay
3
BEDS
1
BATHS
$560,000
PRICE
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10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay10 Kathryn Crescent, North Bay
$559,999
6.01 BTC
10 Kathryn Crescent, North Bay
3
BEDS
2
BATHS
$559,999
PRICE
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708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay708 Aberdeen Avenue, North Bay
$559,900
6.01 BTC
708 Aberdeen Avenue, North Bay
3 + 1
BEDS
3
BATHS
$559,900
PRICE
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126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay126 Cloverbrae Crescent, North Bay
$549,900
5.90 BTC
126 Cloverbrae Crescent, North Bay
3 + 1
BEDS
4
BATHS
$549,900
PRICE
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35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay35 Nancy Drive, North Bay
$530,000
5.69 BTC
35 Nancy Drive, North Bay
3 + 1
BEDS
3
BATHS
$530,000
PRICE
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1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay1550 Chapais Street, North Bay
$529,900
5.69 BTC
1550 Chapais Street, North Bay
3 + 1
BEDS
2
BATHS
$529,900
PRICE
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941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay941 Main Street, North Bay
$499,900
5.37 BTC
941 Main Street, North Bay
3 + 1
BEDS
2
BATHS
$499,900
PRICE
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369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay369 Lakeside Drive, North Bay
$499,000
5.36 BTC
369 Lakeside Drive, North Bay
3
BEDS
2
BATHS
$499,000
PRICE
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677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay677 Tackaberry Drive, North Bay
$497,888
5.34 BTC
677 Tackaberry Drive, North Bay
3 + 3
BEDS
3
BATHS
$497,888
PRICE
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10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay10 Strathcona Drive, North Bay
$484,900
5.21 BTC
10 Strathcona Drive, North Bay
3
BEDS
2
BATHS
$484,900
PRICE
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12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay12 Nightingale Drive, North Bay
$479,000
5.14 BTC
12 Nightingale Drive, North Bay
3 + 1
BEDS
2
BATHS
$479,000
PRICE
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Vaughan, ON L4H 0S2
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